Environmental, social, and governance (ESG) goals are a necessary part of a company’s initiative toward sustainability and equality. ESG is gaining traction, with 91% of business leaders admitting that they think they are responsible for addressing ESG issues. These issues include carbon emissions, climate change, anti-corruption, water use, community development, and human rights. Changes in behavior and society are driven by incentives that are primarily financial, and this is why sustainable finance is critical to tackling these issues. Companies can incentivize customers to make eco-friendly decisions and invest in companies that are on a journey toward Net-Zero (or are already there). This is all a part of their ESG framework, which tracks, plans, and reports on an organization’s actions.
We hear dashboards are on their way out. I recently saw a tombstone for Dashboards on TDWI’s thought post (good read, btw!). Try a Google search for "dashboards 2021" and you may find many references that say dashboards are becoming obsolete. Sirius maintains, however, that dashboards have simply been upgraded. Quality data visualization for business intelligence dashboards helps businesses make money. The function of data visualization and continuous data curation allows for deeper insights and predictive measures, helping businesses make better decisions and create improved business performance. Old dashboards, perhaps, were clunky, took time to build and maintain, and changes were slow and expensive. But, the evolution of analytical dashboards now allows for businesses to quickly analyze data and run better.
The amount of corporate data is expanding and appears to be at an all-time high. Every organization today is rapidly evolving into a data organization. In an era where data is becoming the backbone of an organization (i.e., companies use data to identify the overall health of an organization) and the decision maker (i.e., companies use data to make judgments and predictive analytics), businesses must find out how to best organize their data.
The new year presents an excellent opportunity to capitalize on the benefits of proactively planning your digital financial transformation projects. In many cases, the financial and operational executives in organizations are the leaders of strategic transformation and change management possible within the organization. In preparation for the start of a new year, financial departments also should evaluate their strategic priorities and designate initiatives that will address time-consuming, redundant, and administrative activities.
For over 20 years Sirius Solutions has been helping clients achieve increased performance in the order-to-cash and treasury portions of their business through assessment, development and execution of enhanced processes and controls. Continuing with our quest to bring you the best cutting-edge solutions, we are excited to announce our partnership with HighRadius.
The Oil and Gas industry has come a long way, from revolutionizing techniques for extraction, refining, and utilizing fossil fuels, to improving these same processes based on the increasing technology-driven demands for resources. Oil and Gas business leaders can now take advantage of digital transformation and digital modernization, move forward, and explore key innovation strategies. With the right technology, companies can now easily empower industry leaders and consumers to continuously generate and capture the value of the Oil and Gas industry.
The world of CRM continues to morph with new software systems and new best practices, as our CRM practice is deeply focused on Salesforce and Dynamics. With more and more companies revisiting their CRM workflows post-COVID, we continue to reassess and incorporate best practices for implementing platforms, workflows, and data.
Sirius Solutions has been creating and deploying Treasury and Cash Management solutions for business leaders for over two decades. Technology that could augment or enhance these solutions, such as understanding the behaviors, routines and decisions that improve cash flow, didn’t exist ten years ago. But over the last decade, we have been focused on identifying and evaluating technology that can improve our clients’ business performance related to cash acceleration.
Accounting is a critical function in any business, and knowledgeable financial professionals are essential to any team. Because of the knowledge that accountants and financial professionals bring, their time is highly valuable — and spending that time on manual, repetitive tasks ends up being extremely expensive.
As companies are preparing for end-of-year activities like budgeting processes, inventory counts, maintaining vendor and insurance records, employee benefit renewals, completing work for SEC filings and property tax renditions, we recommend using workflow automation to standardize and optimize these tasks.
Achieving full-scale automation or transformation is a massive undertaking for any organization. Rethinking business processes – from simple tasks to wide-scale workflows – requires that organizations overcome internal resistance, identify best technologies and almost rebuild business processes from the ground up.